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Mexico’s President Vows to Review Subsidies for Wind, Solar

  • Some energy deals unjustly benefit private companies, he said
  • Mexico has no plans for new oil-field auctions, president said
Andres Manuel Lopez Obrador
Andres Manuel Lopez ObradorPhotographer: Alejandro Cegarra/Bloomberg
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Mexican President Andres Manuel Lopez Obrador said authorities will review some government wind and solar contracts to determine if companies are improperly subsidized.

“People were deceived for a long time by being told that subsidies for electric power were for consumers -- but no,” Lopez Obrador said Wednesday during his daily press conference. “The biggest subsidy is for private companies.”